This week in funding: all across the funding landscape we saw interesting deals taking place. Take a look at these and more rounds in our funding roundup below!
Tanium and Salesforce have come together in a strategic relationship to help solve one of today’s most compelling and urgent problems: how does security manage a workforce that has migrated from in-house company desktops to remote personal devices. It is a problem that will not go away with the end of the COVID-19 pandemic.
– Funders: Salesforce Ventures
WEX Inc. (NYSE:WEX), a leading financial technology service provider, announced today it has agreed to a $400 million (~356 euro) dollar investment from an affiliate of Warburg Pincus LLC (together with its affiliate, “Warburg Pincus”) which includes convertible notes in an aggregate principal amount of $310 (~ 275 euro) million and $90 (~88 euro) million in common stock through a private placement (the “Private Placement”).
– Funders: Warburg Pincus LLC
The direct-to-consumer health insurer Oscar has raised another $225 million in its latest, late-stage round of funding as its vision of tech-enabled healthcare services to drive down consumer costs becomes more and more of a reality.
Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured $125 million in new growth capital from private equity firm Goldfinch Partners. The funding will provide Vesta with the resources to invest in growth and continue the global deployment of its fraud protection and e-commerce payment solutions.
– Funders: Goldfinch Partners
HSBC has joined Privitar’s Series C funding round, extending it to £70m (~77M euro). The global banking giant has extended its relationship with the London-based data privacy firm from customer to investor by adding £5.6m (~6M euro) to the £65m round announced recently. The Series C round comes less than a year after a $40m Series B funding round led by Accel. HSBC became Privitar’s first customer in 2016 when the start-up helped it broaden access to data for developing novel approaches to protect against money laundering.
Swile (FKA Lunchr), a Paris, France-based provider of an app for life at work, raised €70M in Series C funding. The round, which brought total funding raised to date to €115m, was led by Index Ventures with participation from new investor Large Venture and existing investor Idinvest. The company intends to use the funds to launch a new product that enables corporate gifts and expand internationally.
CapitalG, the growth equity arm of Alphabet, is doubling down on its bet on Aye Finance, an Indian startup that operates a digital lending platform for small businesses.
On Wednesday, the Gurgaon-based startup said it had raised $27.5 million in its Series E financing round led by CapitalG, which has also led one of its previous rounds.
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Read here our other sections of this week:
- Weekly news highlights 3 July 2020
- Weekly opinion & analysis highlights 3 July 2020
- Weekly research highlights 3 July 2020
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